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Pastimes : Sound Off - Speak Your Mind
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To: No Mo Mo who wrote (74)11/7/2000 1:33:12 PM
From: HairBall  Read Replies (1) of 595
 
No Mo Mo: When I spoke of luxury items to flats, I was speaking in example. A Ford Focus while taxable at the same rate would not be considered a luxury car as say a RollsRoyce. If you pay for instance 10 percent in Federal Consumption tax for non essential items...ten percent of fifteen thousand for a Ford Focus is a lot less than say ten percent of 250 thousand for a RollRoyce.

As far as going down a list item by item as to what should or should not be taxed on SI...you make up a list of every single item or service for sale in the US, list it as taxable or not and I'll let you know what I think once you have a complete list...<g>

Regards,
LG
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